Hadeed unveils long steel prices for November

The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for November production.

The company’s rebar (12-32 mm) prices have been increased by SAR 25 (USD 7) to SAR 2,080 (USD 555) per ton, while wire rod (6.5-16 mm) remains unchanged at SAR 2,245 (USD 599) per ton compared to last month.

Above prices are on a CPT Riyadh basis, excluding 15pct VAT.

Hadeed is the GCC’s major steel producer with an annual capacity of 3.8 mln tons of long products and 2.2 mln tons of flat products. The company was acquired by the Public Investment Fund in May 2024.

1 USD / 3.75 SAR